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Services in Brazil grew 0.9% from February to March, reveals IBGE survey

The volume of services in the country grew 0.9% from February to March this year. It is the second consecutive increase in the indicator, which had already grown 0.7% from January to February.

The data are from the Monthly Service Survey (PMS), released on Tuesday (16), in Rio de Janeiro, by the Brazilian Institute of Geography and Statistics (IBGE).

The sector also showed growth of 6.3% compared to March, 5.8% year-to-date, and 7.4% over the last 12 months.

The 0.9% expansion was driven by increases in three of the five activities surveyed by IBGE: transportation, auxiliary transportation services, postal services (3.6%), professional, administrative, and complementary services (2.6%), and information and communication (0.2%).

Services grow 0.9% from February to March, reveals IBGE survey. (Photo internet reproduction)
Services grow 0.9% from February to March, reveals IBGE survey. (Photo internet reproduction)

At the same time, services provided to families (-1.7%) and other services (-0.6%) dropped.

TOURISM UP

The nominal revenue from services grew 0.8% compared to February this year, 11.8% in March 2022, 12% in the year-to-date, and 14.7% in the accumulated over 12 months.

The tourism activities segment, analyzed separately by the survey, presented a variation of 0.1% in March after a drop of 1.3% in February.

As a result, the tourism sector is 1.4% above the pre-pandemic level (February 2020) but 5.9% below the highest point of the series (February 2014).

Brazil news, English news Brazil, economic news brazil, 

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